Mobix Labs, Inc. (NASDAQ:MOBX) Sees Large Increase in Short Interest

Key Points

• Mobix Labs, Inc. saw a significant increase in short interest, with a rise of 79.4% from 430,900 to 773,200 shares during August.
• Institutional investors are actively modifying their stakes, with Vanguard Capital Wealth Advisors increasing its ownership by 2,528.7% in the first quarter.
• The company's latest earnings report reflected a negative net margin of 381.82% and earnings per share of ($0.17).

Mobix Labs, Inc. (NASDAQ:MOBX - Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 773,200 shares, a growth of 79.4% from the August 15th total of 430,900 shares. Approximately 2.5% of the company's shares are short sold. Based on an average daily trading volume, of 783,400 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 783,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately 2.5% of the company's shares are short sold.

Institutional Trading of Mobix Labs

Several institutional investors and hedge funds have recently modified their holdings of MOBX. Jane Street Group LLC bought a new stake in shares of Mobix Labs in the 4th quarter worth about $93,000. Citadel Advisors LLC bought a new position in shares of Mobix Labs during the 4th quarter worth approximately $104,000. Vanguard Capital Wealth Advisors increased its stake in Mobix Labs by 2,528.7% during the 1st quarter. Vanguard Capital Wealth Advisors now owns 788,620 shares of the company's stock valued at $704,000 after purchasing an additional 758,620 shares in the last quarter. Focus Partners Wealth boosted its holdings in Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company's stock worth $1,467,000 after buying an additional 642,857 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Mobix Labs by 47.4% during the second quarter. XTX Topco Ltd now owns 38,671 shares of the company's stock worth $30,000 after acquiring an additional 12,443 shares during the period. 8.56% of the stock is currently owned by institutional investors.

Mobix Labs Stock Performance

Mobix Labs stock traded down $0.11 during mid-day trading on Friday, reaching $0.93. The company's stock had a trading volume of 1,633,605 shares, compared to its average volume of 1,640,115. The firm's fifty day moving average price is $0.94 and its two-hundred day moving average price is $0.85. The company has a market capitalization of $50.63 million, a P/E ratio of -0.84 and a beta of -0.05. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.09 and a current ratio of 0.14. Mobix Labs has a 12-month low of $0.55 and a 12-month high of $2.47.

Mobix Labs (NASDAQ:MOBX - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. The firm had revenue of $2.35 million during the quarter. Mobix Labs had a negative net margin of 381.82% and a negative return on equity of 5,149.05%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Mobix Labs to a "strong sell" rating in a research note on Saturday, August 2nd.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.

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